Aidan Donnelly

It's three times the free float and blah, blah, blah.

It's about 200 billion market cap that this is going to have in the index.

So there'll be a bit more buyers than that.

The big index is...

the S&P 500, right?

Now, S&P have said that they are not going to put it in for at least a year, right?

And there was an awful lot of pressure from very serious players on Wall Street to try arm twist and get them to change the rules.

And they've said, no, the rules are the rules.

Oh, and by the way,

You know, if it's still unprofitable in a year's time, it won't be going in in a year either because they have a profitability rule in there as well.

Right.

So that's the big daddy of the index buyers.

So they're sitting on the sidelines for a year.

So the question is.

If 60% of them is ETF money and they can't get involved in the IPO, you want to get 40%, which is active.

How many of them are going to get involved?

And again, the quantum of money may not be massive in terms of 75 billion being raised.

So that's why we're seeing more and more people talking about it in retail investor formats, because retail investors, you know, will be facilitated to a certain extent.

You know, Musk has said, oh, he wants retail investors.

And, you know...